Dear Dynare friends,
We are pleased to announce the release of Dynare 4.4.1.
This release contains a few changes to the user interface and fixes various
bugs. It also adds compatibility with Octave 3.8.
The Windows packages are already available for download at:
http://www.dynare.org/download/dynare-stable
The Mac and GNU/Linux packages (for Debian and Ubuntu) should follow soon.
All users are encouraged to upgrade.
This release is compatible with MATLAB versions 7.3 (R2006b) to 8.2 (R2013b) and
with GNU Octave versions 3.6 to 3.8.
* Changes to the user interface:
- The syntax introduced in 4.4.0 for conditional forecast in a deterministic
setup was removed, and replaced by a new one that is better suited to the
task. More precisely, such deterministc forecast are no longer done using
the `conditional_forecast' command. The latter is replaced by a group of
commands: `init_plan', `basic_plan' and `flip_plan'. See the reference
manual for more details.
- Changes to the reporting module: option `annualAverages' to `addTable' has
been removed (use option `tableDataRhs' to `addSeries' instead); option
`vlineAfter' to `addTable' now also accepts a cell array.
- Changes to the date and time series classes: implement broadcasting for
operations (+,-,* and /) between `dseries' class and scalar or vectors; add
the possibility of selecting an observation within a time series using a
formatted string containing a date.
* Bugs and problems identified in version 4.4.0 and that have been fixed in
version 4.4.1:
- In MS-SBVAR, there was a bug preventing the computation of impulse responses
on a constant regime.
- Under Octave, after modifying the MOD file, the changes were not taken into
account at the first Dynare run, but only at the second run.
On behalf of the Dynare Team,
--
Sébastien Villemot
Researcher in Economics
Dynare developer
http://www.dynare.org/sebastien
Dear Dynare users and friends,
We are pleased to announce the release of Dynare 4.4.0.
This major release adds new features and fixes various bugs.
The Windows packages are already available for download at:
http://www.dynare.org/download/dynare-stable
The Mac and Debian/Ubuntu packages should follow soon.
All users are strongly encouraged to upgrade.
This release is compatible with MATLAB versions ranging from 7.3 (R2006b) to
8.2 (R2013b) and with GNU Octave version 3.6.
Here is the list of major user-visible changes:
* New major algorithms:
- Extended path at order 1 and above, also known as “stochastic extended
path”. This method is triggered by setting the `order' option of the
`extended_path' command to a value greater than 0. Dynare will then use a
Gaussian quadrature to take into account the effects of future uncertainty.
The time series for the endogenous variables are generated by assuming that
the agents believe that there will no more shocks after period t+order.
- Alternative algorithms for computing decision rules of a stochastic model,
based on the cycle reduction and logarithmic reduction algorithms. These
methods are respectively triggered by giving `dr = cycle_reduction' or 'dr
= logarithmic_reduction' as an option to the `stoch_simul' command.
- Pruning now works with 3rd order approximation, along the lines of
Andreasen, Fernández-Villaverde and Rubio-Ramírez (2013).
- Computation of conditional forecast using an extended path method. This is
triggered by the new option `simulation_type = deterministic' in the
`conditional_forecast' command. In this case, the `expectation' command in
the `conditional_forecast_paths' block has to be used to indicate the nature
of expectations (whether shocks are a surprise or are perfectly
anticipated).
- Endogenous priors as in Christiano, Trabandt and Walentin (2011). Those are
triggered by the new option `endogenous_prior' of the `estimation' command.
* Other algorithmic improvements:
- New command `model_diagnostics' to perform various sanity checks on the
model. Note: in the past, some users may have used a preliminary MATLAB
function implementing this; the new command has the same syntax, except that
you shouldn't pass any argument to it.
- Terminal conditions of perfect foresight simulations can now be specified in
growth rates. More specifically, the new option `differentiate_forward_vars'
of the `model' block will create auxiliary forward looking variables
expressed in first differences or growth rates of the actual forward looking
variables defined in the model. These new variables have obvious zero
terminal conditions whatever the simulation context and this in many cases
helps convergence of simulations.
- Convergence diagnostics for single chain MCMC à la Geweke (1992, 1999).
- New optimizer for the posterior mode (triggered by `mode_compute=10'): it
uses the simpsa algorithm, based on the combination of the non-linear
simplex and simulated annealing algorithms and proposed by Cardoso, Salcedo
and Feyo de Azevedo (1996).
- The automatic detrending engine has been extended to work on models written
in logs. The corresponding trend variable type is `log_trend_var', and the
corresponding deflator type is `log_deflator'.
* New features in the user interface:
- New set of functions for easily creating PDF reports including figures and
tables. See the “Reporting” section in the reference manual for more
details.
- New MATLAB/Octave classes for handling time series. See the “Time series”
section in the reference manual for more details.
- Datafiles in CSV format can now be used for estimation.
- New macro processor `length' operator, returns the length of an array.
- New option `all_values_required' of `initval' and `endval' blocks: enforces
initialization of all endogenous and exogenous variables within the block.
- Option `ar' can now be given to the `estimation' command.
- New options `nograph', `nointeractive' and `nowarn' to the `dynare' command,
for a better control of what is displayed.
- New option `nostrict' to the `dynare' command, for allowing Dynare to
continue processing when there are more endogenous variables than equations
or when an undeclared symbol is assigned in `initval' or `endval'.
- The information on MCMC acceptance rates, seeds, last log posterior
likelihood, and last parameter draw are now saved on the disk and can
be displayed with `internals --display-mh-history' or loaded into the
workspace with `internals --load-mh-history'.
- New options `mode_check_neighbourhood_size', `mode_check_symmetric_plots'
and `mode_check_number_of_points', for a better control of the diagnostic
plots.
- New option `parallel_local_files' of `model' block, for transferring extra
files during parallel computations.
- New option `clock' of `set_dynare_seed', for setting a different seed at
each run.
- New option `qz_zero_threshold' of the `check', `stoch_simul' and
`estimation' commands, for a better control of the situation where a
generalized eigenvalue is close to 0/0.
- New `verbatim' block for inclusion of text that should pass through the
preprocessor and be placed as is in the `modfile.m' file.
- New option `mcmc_jumping_covariance' of the `estimation' command, for a
better control of the covariance matrix used for the proposal density of the
MCMC sampler.
- New option `use_calibration' of the `estimated_params_init', for using the
calibration of deep parameters and the elements of the covariance matrix
specified in the `shocks' block as starting values for the estimation.
- New option `save_draws' of the `ms_simulation' command.
- New option `irf_plot_threshold' of the `stoch_simul' and `estimation'
commands, for a better control of the display of IRFs which are almost nil.
- New option `long_name' for endogenous, exogenous and parameter declarations,
which can be used to declare a long name for variables. That long name can
be programmatically retrieved in `M_.endo_names_long'.
* Miscellaneous changes
- The deciles of some posterior moments were erroneously saved in a field
`Distribution' under `oo_'. This field is now called `deciles', for
consistency with other posterior moments and with the manual. Similarly, the
fields `Mean', `Median', `HPDsup', `HPDinf', and `Variance' are now
consistently capitalized.
- The console mode now implies the `nodisplay' option.
* Bugs and problems identified in version 4.3.3 and that have been fixed in
version 4.4.0:
- In an `endval' block, auxiliary variables were not given the right value.
This would not result in wrong results, but could prevent convergence of
the steady state computation.
- Deterministic simulations with `stack_solve_algo=0' (the default value) were
crashing if some exogenous had a lag strictly greater than 1.
- When using the `mode_file' option, the initial estimation checks were not
performed for the loaded mode, but for the original starting values. Thus,
potential prior violations by the mode only appeared during estimation,
leading to potentially cryptic crashes and error messages.
- If a shock/measurement error variance was set to 0 in calibration, the
correlation matrix featured a 0 instead of a 1 on the diagonal, leading to
wrong estimation results.
- In the presence of calibrated covariances, estimation did not enforce
positive definiteness of the covariance matrix.
- Estimation using the `diffuse_filter' option together with the univariate
Kalman filter and a diagonal measurement error matrix was broken.
- A purely backward model with `k_order_solver' was leading to crashes of
MATLAB/Octave.
- Non-linear estimation was not skipping the specified presample when
computing the likelihood.
- IRFs and theoretical moments at order > 1 were broken for purely
forward-looking models.
- Simulated moments with constant variables was leading to crashes when
displaying autocorrelations.
- The `osr' command was sometimes crashing with cryptic error messages because
of some unaccounted error codes returned from a deeper routine.
- The check for stochastic singularity during initial estimation checks was
broken.
- Recursive estimation starting with the pathological case of `nobs=1' was
crashing.
- Conditional variance decomposition within or after estimation was crashing
when at least one shock had been calibrated to zero variance.
- The `estimated_params_init' and `estimated_params_bounds' blocks were broken
for correlations.
- The `filter_step_ahead' option was not producing any output in Bayesian
estimation.
- Deterministic simulations were sometimes erroneously indicating convergence
although the residuals were actually NaN or Inf.
- Supplying a user function in the `mode_compute' option was leading to
a crash.
- Deterministic simulation of models without any exogenous variable was
crashing.
- The MS-SBVAR code was not updating files between runs on Windows. This means
that if a MOD file was updated between runs in the same folder and a
`file_tag' was not changed, then the results would not change.
- The `ramsey_policy' command was not putting in `oo_.planner_objective_value'
the value of the planner objective at the optimum.
* References:
- Andreasen, Martin M., Jesús Fernández-Villaverde, and Juan Rubio-Ramírez
(2013): “The Pruned State-Space System for Non-Linear DSGE Models: Theory
and Empirical Applications,” NBER Working Paper, 18983
- Cardoso, Margarida F., R. L. Salcedo and S. Feyo de Azevedo (1996): “The
simplex simulated annealing approach to continuous non-linear optimization,”
Computers chem. Engng, 20(9), 1065-1080
- Christiano, Lawrence J., Mathias Trabandt and Karl Walentin (2011):
“Introducing financial frictions and unemployment into a small open economy
model,” Journal of Economic Dynamics and Control, 35(12), 1999-2041
- Geweke, John (1992): “Evaluating the accuracy of sampling-based approaches
to the calculation of posterior moments,” in J.O. Berger, J.M. Bernardo,
A.P. Dawid, and A.F.M. Smith (eds.) Proceedings of the Fourth Valencia
International Meeting on Bayesian Statistics, pp. 169-194, Oxford University
Press
- Geweke, John (1999): “Using simulation methods for Bayesian econometric
models: Inference, development and communication,” Econometric Reviews,
18(1), 1-73
On behalf of the Dynare Team,
--
Sébastien Villemot
Researcher in Economics
Dynare developer
http://www.dynare.org/sebastien
Dear Dynare friends,
The Course on Identification and Sensitivity Analysis for DSGE models 2013 will take place from September 16 to September 18, 2013 in Ispra, Italy.
INFO
http://ipsc.jrc.ec.europa.eu/events.php?idx=92
GOALS OF THE COURSE
Scope of the course is to give a general introduction to methods of identification and global sensitivity analysis, their DYNARE implementation (identification toolbox and global sensitivity analysis toolbox) and their application to Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models.
Michel Juillard (Banque de France) and Sebastien Villemot (CEPREMAP) will be the guest speakers.
This course is aimed at beginners as well as at more experienced
researchers. PhD students are encouraged to participate.
REGISTRATION
Interested people should apply online. Follow the info at:
http://ipsc.jrc.ec.europa.eu/events.php?idx=92
We strongly encourage to register *before July 31, 2013*.
REGISTRATION FEE
No fee is due
WORKSHOP VENUE
Joint Research Centre - European Commission
21027 Ispra (VA)
Italy
http://ec.europa.eu/dgs/jrc/
WORKSHOP ORGANIZATION
This is a "portable only" workshop. Each participant is required to come
with his/her portable computer with MATLAB version 7.0 or above
installed. We will provide WiFi access, but participants shouldn't rely
on it to access a MATLAB license server at their own institution. As an
alternative to MATLAB, it is possible to use GNU Octave (free software,
compatible with MATLAB syntax; seehttp://www.dynare.org/download/octave
for details on GNU Octave installation).
WORKSHOP ANIMATORS
- Marco Ratto (Joint Research Centre, European Commission)
- Christophe Planas (Joint Research Centre, European Commission)
- Alessandro Rossi (Joint Research Centre, European Commission)
- Michel Juillard (Banque de France)
- Sébastien Villemot (CEPREMAP)
--
Marco Ratto,
Joint Research Centre
The European Commission,
TP 361, 21027 ISPRA(VA), ITALY
Tel: +39 0332 78 9217
Fax: +39 0332 78 5733
marco.ratto(a)jrc.ec.europa.eu
The 9th annual DYNARE Conference (http://www.dynare.org) will be held in
Shanghai, at the Shanghai University of Finance and Economics (SUFE), on
October 29-30, 2013. The conference is organized by the Shanghai
University of Finance and Economics (SUFE) together with Bank of France,
DSGE-net, and the Dynare project at CEPREMAP.
The DYNARE conference will feature the work of leading scholars in
dynamic macroeconomic modeling and provide an excellent opportunity to
present your own research results.
Chris Sims (Princeton University) and Oreste Tristani (European Central
Bank) will be plenary speakers.
Submissions of papers dealing with different aspects of DSGE modeling
and computational methods are all welcome. Papers using other software
tools than DYNARE or theoretical contributions are also encouraged.
Paper submission procedure: please, fill out the paper submission form
available at http://www.dynare.org/ocs/index.php/conference/conf2013 and
upload a complete manuscript or a detailed abstract in PDF format.
Deadline for submissions is May 31, 2013. Authors of accepted papers
will be informed by June 30, 2013.
We encourage that authors also submit their papers to a special issue of
Frontiers of Economics in China (FEC)? All submissions are subject to
peer review. FEC (http://iar.shufe.edu.cn/structure/iar/fec/) is one
of the few English language economics journals in China and is under
the umbrella of Frontiers in China, the largest series of Chinese
academic journals. SUFE is expecting to include 8-10 papers in the
special issue to be published in 2014.
Accepted papers will be automatically considered for publication in the
Dynare Working Papers series (http://www.dynare.org/wp) conditional on
the agreement of the submitter. Note that publication in the Dynare WP
does not prohibit submission to another working paper series.
Contact: conference(a)dynare.org
Conference organizers: Kevin Huang (Vanderbilt University), Michel
Juillard (Bank of France), and Tao Zha (Federal Reserve Bank of
Atlanta).
Local organizers: Guan Gong (SUFE) and Fang Wang (SUFE)
--
Michel Juillard
Dear Dynare friends,
We are pleased to announce the release of Dynare 4.3.3.
This is a bugfix release.
The Windows packages are already available for download at:
http://www.dynare.org/download/dynare-stable
The Mac and GNU/Linux packages (for Debian and Ubuntu) should follow soon.
All users are encouraged to upgrade.
The new release is compatible with MATLAB versions ranging from 7.0 (R14) to
8.1 (R2013a) and with GNU Octave versions ranging from 3.2 to 3.6.
Here is a list of the problems identified in version 4.3.2 and that have been
fixed in version 4.3.3:
- Estimation with measurement errors was wrong if a correlation between two
measurement errors was calibrated
- Option `use_dll' was broken under Windows
- Degenerate case of purely static models (no leads/no lags) were not
correctly handled
- Deterministic simulations over a single period were not correctly done
- The sensitivity call `dynare_sensitivity(identification=1,morris=2)' was
buggy when there are no shocks estimated
- Calls to `shock_decomposition' after using `selected_variables_only' option
fail
- Sometimes, only the last open graph was saved, leading to missing and
duplicate EPS/PDF graphs
- Forecasting after maximum likelihood estimation when not forecasting at
least one observed variables (`var_obs') was leading to crashes
- Some functionalities were crashing with MATLAB 8.1/R2013a (bytecode,
MS-SBVAR)
- Sometimes only the first order autocorrelation of `moments_varendo' was
saved instead of all up to the value of `ar' option
On behalf of the Dynare Team,
--
Sébastien Villemot
Researcher in Economics
Dynare developer
http://www.dynare.org/sebastien
Dear Dynare friends,
The Dynare Summer School 2013 will take place from June 24 to June 28,
2013 in Paris, France.
GOALS OF THE SUMMER SCHOOL
The school will provide an introduction to Dynare and to Dynamic
Stochastic General Equilibrium (DSGE) modeling.
The courses will focus on simulation and estimation of DSGE models with
Dynare. It will be also the occasion to introduce the new features in
Dynare 4.4 (to be released before the Summer School).
Tao Zha (Federal Reserve Bank of Atlanta) will be the guest speaker, and
will present the Markov-Switching tools in Dynare.
This Summer school is aimed at beginners as well as at more experienced
researchers. PhD students are encouraged to participate.
APPLICATION
Interested people should apply online at:
http://www.dynare.org/ocs/index.php/summerschool/ss2013/
Application should be done *before April 14, 2013*. You will have to
upload a CV and a recent research paper.
We will confirm acceptance by April 22, 2013.
People working in organizations member of DSGE-net (Bank of Finland,
Banque de France, Capital Group, European Central Bank, Federal Reserve
Bank of Atlanta, Norges Bank, Sverige Riksbank, Swiss National Bank)
should register via their network representative.
REGISTRATION FEE
- Registration fee for academics (including lunches and one diner, but
no accomodation): 150 €
- Registration fee for financial institutions not member of DSGE-net
(including lunches and one diner, but no accomodation): 1600 €
WORKSHOP VENUE
Banque de France
31 rue Croix des Petits Champs
75001 Paris
France
WORKSHOP ORGANIZATION
This is a “portable only” workshop. Each participant is required to come
with his/her portable computer with MATLAB version 7.0 or above
installed. We will provide WiFi access, but participants shouldn't rely
on it to access a MATLAB license server at their own institution. As an
alternative to MATLAB, it is possible to use GNU Octave (free software,
compatible with MATLAB syntax; see http://www.dynare.org/download/octave
for details on GNU Octave installation).
WORKSHOP DRESSING CODE
Business casual.
WORKSHOP ANIMATORS
- Stéphane Adjemian (CEPREMAP and Université du Maine)
- Michel Juillard (Banque de France)
- Ferhat Mihoubi (CEPREMAP and Université d’Évry)
- Marco Ratto (Joint Research Centre, European Commission)
- Sébastien Villemot (CEPREMAP)
- Tao Zha (Federal Reserve of Atlanta)
This workshop is organized with the support of Banque de France,
CEPREMAP and DSGE-net.
PRELIMINARY PROGRAM
See:
http://www.dynare.org/ocs/index.php/summerschool/ss2013/schedConf/program
--
Sébastien Villemot
Researcher in Economics
Dynare developer
http://www.dynare.org/sebastien
Dear Dynare friends,
The source code of Dynare is now hosted on the GitHub platform, at the
following address:
https://github.com/DynareTeam/dynare
We made this decision to migrate to GitHub because we think that it will
facilitate contributions to the Dynare project. We welcome patches
(either bugfixes or new features) submitted through Pull Requests. You
can also report bugs or express your wishes for new features, by opening
an Issue (before doing so, please make sure that what you report is
really a bug or a missing feature: user support does not belong to
GitHub, but to the Dynare forums; please also make sure that your issue
is not already reported).
Of course, the main website where latest news, documentation and binary
downloads are hosted is unchanged and remains:
http://www.dynare.org
See you on GitHub,
--
Sébastien Villemot
Researcher in Economics
Dynare developer
http://www.dynare.org/sebastien
Dear Friends,
I'm forwarding the call for papers for CEF 2013 in Vancouver. Apologizes
to those of you have already received it.
Papers dealing with original usage of Dynare can be submitted to Mathias
Trabandt.
All the best,
Michel
-----------------------------
> Conference Announcement and Call for Papers
> http://www.comp-econ.org/CEF_2013
>
> 19TH INTERNATIONAL CONFERENCE ON COMPUTING IN ECONOMICS AND FINANCE (CEF 2013)
> Presented by the Society for Computational Economics
> Sponsored by Simon Fraser University
> July 10 through 12, 2013 – Vancouver, BC Canada
>
> The 19th Annual Conference on Computing in Economics and Finance (CEF 2013)
> will take place at the Sheraton Wall Centre Hotel in Vancouver, BC Canada from
> Wednesday, July 10 through Friday, July 12, 2013. The program will cover all
> areas dealing with the computational aspects (broadly defined) of economics,
> finance, and decision making.
>
> Program Committee Co-Chairs
> Kenneth Kasa, Simon Fraser University - Canada
> Paul Klein, Simon Fraser University - Canada
>
> Program Committee
> Robert Amano, Bank of Canada - Canada
> Mikhail Anufriev, University of Technology, Sydney - Australia
> William Branch, University of California, Irvine - USA
> Shu-Heng Chen, National Chengchi University - Taiwan
> Ramo Gençay, Simon Fraser University - Canada
> Viktoria Hnatkovska, University of British Columbia - Canada
> Cars Hommes, University of Amsterdam/CeNDEF - The Netherlands
> Blake LeBaron, Brandeis University - USA
> Yulei Luo, University of Hong Kong - Hong Kong SAR
> Thomas Lux, Universität Kiel - Germany
> Bruce Mizrach, Rutgers University - USA
> Makoto Nakajima, Federal Reserve Bank of Philadelphia - USA
> Kristoffer Nimark, Universitat Pompeu Fabra - Spain
> Michael Reiter, Institute for Advanced Studies - Austria
> John Stachurski, Australian National University - Australia
> Irina Telyukova, University of California San Diego - USA
> Bart Taub, Durham University - UK
> Mathias Trabandt, Federal Reserve Board of Governors - USA
>
> Plenary Speakers
> John C. Williams
> President and Chief Executive Officer,
> Federal Reserve Bank of San Francisco
>
> Jesús Fernández-Villaverde
> Professor of Economics
> University of Pennsylvania
>
> William A. Brock
> Vilas Research Professor of Economics
> University of Wisconsin
> Professor of Economics
> University of Missouri
>
> Submissions
> You are invited to submit a paper. Completed manuscripts or extended
> abstracts can be submitted electronically via Conference Maker at
> https://editorialexpress.com/cgi-bin/conference/conference.cgi?action=login…
>
> During submission you will be prompted to select a topic area from list below
> which best describes the subject of your paper. Joint-authored papers should be
> submitted by the author who is planning to present the paper. Presenters will
> be limited to one paper each.
>
> Main Topic Areas
> Agent-based modeling
> Artificial/experimental markets
> Asset pricing
> Computational methods
> Dynamic games
> DSGE/business cycle modeling
> Economic dynamics
> Development and growth
> Finance and financial crises
> Fiscal policy
> Heterogeneous-agent modeling
> Inflation dynamics
> Learning and evolutionary economics
> Macro theory
> Market structure
> Monetary policy
> Monte Carlo methods
> Open-economy models and international macro
> Optimal and robust control
> Optimization and solution methods
> Search and labor markets
> Time series models
> Volatility modeling
>
> Deadlines
> Abstract submissions must be received on or before February 15, 2013
> Authors of accepted papers will be notified by April 1, 2013
> Registration for accepted papers must be completed and paid by May 15, 2013
> Full papers should be uploaded to Conference Maker by June 1, 2013
>
> Pre-Conference Workshops
> Details will be announced on the conference website.
>
> Student Prizes
> The SCE sponsors cash prizes for the best graduate student paper presented at
> the Conference. Details for eligibility and submission procedure are posted on
> the conference website. Deadline for entry of complete paper is March 15,
> 2013.
>
> Registration and Conference Information
> All presenters, including those whose papers have been invited or solicited
> by members of the program committee, will be expected to register and pay fees
> to attend the conference. Details concerning the conference, including
> instructions for registration and hotel reservations, etc., will be posted on
> the conference website as information becomes available. Please visit the
> website http://www.comp-econ.org/CEF_2013 for updated information, or direct
> your questions via email to cef2013(a)simplemeetings.com.
>
> Please distribute this announcement to potential participants.
--
Michel Juillard
Dear Dynare friends,
We are pleased to announce the release of Dynare 4.3.2.
This is a bugfix release.
The Windows packages are already available for download at:
http://www.dynare.org/download/dynare-stable
The Mac and GNU/Linux packages (for Debian and Ubuntu) should follow soon.
All users are encouraged to upgrade.
The new release is compatible with MATLAB versions ranging from 7.0 (R14) to
8.0 (R2012b) and with GNU Octave versions ranging from 3.2 to 3.6.
Here is a list of the problems identified in version 4.3.1 and that have been
fixed in version 4.3.2:
- Computation of posterior distribution of unconditional variance
decomposition was sometimes crashing (only for very large models)
- Estimation with `mode_compute=6' was sometimes crashing
- Derivative of erf() function was incorrect
- The `check' command was not setting `oo_.dr.eigval' unless `stoch_simul' was
also used
- Computation of conditional forecast when the constraint is only on
one period was buggy
- Estimation with `mode_compute=3' was crashing under Octave
On behalf of the Dynare Team,
--
Sébastien Villemot
Researcher in Economics
Dynare developer
http://www.dynare.org/sebastien
Dear Dynare friends,
We are pleased to announce the release of Dynare 4.3.1. This release adds a few
minor features and fixes various bugs.
The Windows and Mac packages are already available for download at:
http://www.dynare.org/download/dynare-stable
The GNU/Linux packages (for Debian and Ubuntu) should follow soon.
All users are strongly encouraged to upgrade.
The new release is compatible with MATLAB versions ranging from 7.0 (R14) to
8.0 (R2012b) and with GNU Octave versions ranging from 3.2 to 3.6.
Here is the list of the main user-visible changes:
* New features in the user interface:
- New `@#ifndef' directive in the macro-processor
- Possibility of simultaneously specifying several output formats in the
`graph_format' option
- Support for XLSX files in `datafile' option of `estimation' and in
`initval_file'
* Bugs and problems identified in version 4.3.0 and that have been fixed in
version 4.3.1:
- Shock decomposition was broken
- The welfare computation with `ramsey_policy' was buggy when used in
conjunction with `histval'
- Estimation of models with both missing observations and measurement errors
was buggy
- The option `simul_replic' was broken
- The macro-processor directive `@#ifdef' was broken
- Identification with `max_dim_cova_group > 1' was broken for specially
degenerate models (when parameter theta has pairwise collinearity of one
with multiple other parameters, i.e. when all couples (theta,b), (theta,c),
... (theta,d) have perfect collinearity in the Jacobian of the model)
- The `parallel_test' option was broken
- Estimation with correlated shocks was broken when the correlations were
specified in terms of correlation and not in terms of co-variance
- The Windows package was broken with MATLAB 7.1 and 7.2
- When using `mode_compute=0' with a mode file generated using
`mode_compute=6', the value of option `mh_jscale' was not loaded
- Using exogenous deterministic variables at 2nd order was causing a crash
- The option `no_create_init' for the `ms_estimation' command was broken
- Loading of datafiles with explicit filename extensions was not working
- The preprocessor had a memory corruption problem which could randomly lead
to crashes
On behalf of the Dynare Team,
--
Sébastien Villemot
Researcher in Economics
http://www.dynare.org/sebastien
Phone: +33-1-40-77-84-04